From
£140,000
Property for salePortsmouth PO2
Just added
Auction
About this property
High Yielding Retail Investment
Let to agni retails limited
Lease Expires 24.10.2037
1,407sq ft (130.80 sq m)
Investment Let at £17,500 p.a. (12.5% giy on Guide Price)
Residential upper parts sold off long long leasehold
Strapline
Auction Sale - 02/09/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Freehold High Yielding double frontage Retail Investment let for a term 15 years from 24th October 2022, expiring October 2037. Comprises approximately 130.80 sq m (1,407sq ft).Investment let at £17,500 pa (12.5% on Guide Price).
Description
The property comprises a high yielding retail investment with the upper residential parts sold off on long leasehold located within an established residential area on a busy retail parade . Arranged as a ground floor double frontage retail unit totalling approx. 1,407sq ft (130.80 sq m) the property is let to Agni Retails Limited t/a Shop Local on a fifteen year lease expiring 24/10/2037 and paying £17,500 per annum.
Location
The property is prominently situated on London Road (A2047) in Hilsea, Portsmouth. London Road is one of the main arterial routes into Portsmouth.The surrounding area is a well-established mix of retail, office, and residential premises, with a variety of national and independent occupiers nearby.
Transport
Hilsea Railway Station - 0.9 Miles
The property also offers convenient access to the M27 and M275 motorways, linking Portsmouth to Southampton, Chichester, and the wider South Coast region.
Tenancy
Let to Agni Retails Limited t/a Shop Local on a 15 year lease from 24.10.2025, expiring 24.10.2032 at a current rent of £17,500 pa.
Auction Sale - 02/09/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Freehold High Yielding double frontage Retail Investment let for a term 15 years from 24th October 2022, expiring October 2037. Comprises approximately 130.80 sq m (1,407sq ft).Investment let at £17,500 pa (12.5% on Guide Price).
Description
The property comprises a high yielding retail investment with the upper residential parts sold off on long leasehold located within an established residential area on a busy retail parade . Arranged as a ground floor double frontage retail unit totalling approx. 1,407sq ft (130.80 sq m) the property is let to Agni Retails Limited t/a Shop Local on a fifteen year lease expiring 24/10/2037 and paying £17,500 per annum.
Location
The property is prominently situated on London Road (A2047) in Hilsea, Portsmouth. London Road is one of the main arterial routes into Portsmouth.The surrounding area is a well-established mix of retail, office, and residential premises, with a variety of national and independent occupiers nearby.
Transport
Hilsea Railway Station - 0.9 Miles
The property also offers convenient access to the M27 and M275 motorways, linking Portsmouth to Southampton, Chichester, and the wider South Coast region.
Tenancy
Let to Agni Retails Limited t/a Shop Local on a 15 year lease from 24.10.2025, expiring 24.10.2032 at a current rent of £17,500 pa.
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